The Prisoner's Dilemma Has Implications for the Workings of Oligopoly

Multiple Choice

The prisoner's dilemma has implications for the workings of oligopoly markets.The outcome in the prisoner's dilemma situation for oligopoly firms is

A) beneficial to society, in that the players cannot easily collude, so output is greater, and prices are lower.
B) beneficial to the players, since they can maintain a cartel agreement easily.
C) of little benefit to society, since the players produce the monopoly output.
D) beneficial to no one.